Aigen Investment Management LP Decreases Holdings in Bloom Energy Co. (NYSE:BE)

Aigen Investment Management LP trimmed its holdings in shares of Bloom Energy Co. (NYSE:BE) by 36.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,061 shares of the company’s stock after selling 5,772 shares during the period. Aigen Investment Management LP’s holdings in Bloom Energy were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BE. ORG Partners LLC acquired a new position in Bloom Energy in the 2nd quarter worth $40,000. Quest Partners LLC lifted its holdings in Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after buying an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new position in Bloom Energy in the 2nd quarter worth $53,000. Mather Group LLC. acquired a new position in Bloom Energy in the 2nd quarter worth $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Bloom Energy in the 3rd quarter worth $74,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

NYSE BE opened at $21.14 on Monday. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $22.50. The company has a current ratio of 3.36, a quick ratio of 3.33 and a debt-to-equity ratio of 3.09. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -37.75 and a beta of 2.71. The company has a 50-day moving average price of $10.82 and a two-hundred day moving average price of $12.28.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BE shares. Bank of America cut their price objective on shares of Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a research note on Friday. Susquehanna upped their target price on shares of Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, November 12th. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird cut their target price on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.11.

Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.